Chances are you've got an iPod, an iPhone, an iPad -- or perhaps even all three. But would you buy an iWatch if Apple rolled one out? You may have that opportunity.

While the rumor mill is still churning about an Apple TV, Business Insider notes that Chinese blog site Tech163.com is reporting that Apple is in cahoots with Intel to build an iOS watch, and speculates that it is within the realm of possibilities. According to Tech163.com, supply chain resources have leaked details that describe the watch as a Bluetooth-enabled device with a 1.5-inch OLED screen.

Call it the smart watch. Sources say Apple could roll the iWatch to the masses as early as the first half of 2013. It may be just a rumor, though. There's no indication that the late Steve Jobs, co-founder and former CEO of Apple, opined to Walter Isaacson or anyone else about a smart watch before he passed away.

Still, analysts are speculating. Piper Jaffray analyst Gene Munster has said wearable computing is something Apple might move into eventually. Apparently, there's at least some market demand. Entrepreneurs raised more than $10 million in a Kickstarter campaign for an iPhone-connected smart watch called the Pebble.

From China to Brazil

Meanwhile, Apple is facing patent battles in China. A Beijing court had ordered the smartphone maker to pay 1.03 million yuan, or about $165,000, to a group of local writers who said the company sold unlicensed copies of its books online, The Wall Street Journal reports.

In a written statement, Apple said its employees "take copyright infringement complaints very seriously" and said it was receptive to the input it has received from writers' groups, the Journal reported. Apple added, "we're always updating our service to better assist content owners in protecting their rights."

China is an important market for Apple. Apple sold more than 2 million of the iPhone 5 in China during its first weekend for sale in December. The iPhone 5 will be available in more than 100 countries by the end of December, making it the fastest iPhone rollout ever.

Moving over to Brazil, the Associated Press reports that Apple will most likely eventually agree to pay a Brazilian company for the right to use the iPhone brand there. The AP cited Eduardo Tude, president of the Brazilian telecommunications consultancy Teleco. Apple could not immediately be reached for comment.